At the same time supplementary food such as fortified yoghurt, biscuits, fortified bread and fortified food supplements with different nutritional qualities, will be sourced from the private sector which will enhance the local economy,' he stated.
1997 Balanced Budget and Taxpayer Relief Act. SUMMARY: The Balanced Budget Act of 1997 (a spending bill) and the Taxpayer Relief Act of 1997 (a tax bill) legislated the elimination of the annual budget deficit by 2002.n the end, tax revenues were increasing at such a rate that the federal budget went into surplus several years ahead of schedule in FY 1998 and continued in surplus in 1999, 2000, and 2001. FURTHER INFORMATION: Balanced Budget Act of 1997 (Pub. Law No.: 105-33).
More recently, the federal budget was balanced in fiscal years 1998, 1999, 2000 and 2001. A Republican-controlled Congress approved the appropriations for each one of those years and Democratic President Bill Clinton signed them.ince 1977, it has begun on Oct. 1 and ended on Sept. 30. Federal fiscal years are numbered by the calendar year in which they end.) President Eisenhower in 1960 was the last Republican president to preside over a balanced budget.